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REAL ESTATE CATALOGUE
In the nearest issue you will find the latest data on commercial, residential and trade premises in St. Petersburg. Fresh information about state of real estate market, tips from the leading consulting companies and much more!
Read more on St. Petersburg Times
The Conundrum of Commercial Real Estate Stocks: In a CRE “Near Depression”, Why Are REIT Shares Still So High and …
Many people have asked me how SRS and REITs share prices can defy gravity the way they have given the abysmal state of commercial real estate (CRE). Well my opinion is that the equity and the debt markets have allowed agent and principal manipulation to the extent that it materially distorts and interferes with the market pricing mechanism. Put more simply, its the result of widespread fraud …
Read more on Zero Hedge
Commercial real estate in uphill battle
Hobbled by the economic downturn, commercial realty insiders shared war stories Wednesday, among them the recent announcement that the Simi Valley Town Center is for sale.
Read more on Ventura County Star
SEC Sues Utah Man For $145 Million Real Estate Investing Fraud
The Securities and Exchange Commission sued a Utah man for falsely telling customers their $145 million would be invested in commercial real estate while instead directing funds to other ventures, including a sandwich- in-a-can business.
Read more on BusinessWeek
We usually do not pay for the typical commercial mortgage broker business to work in commercial construction loans or residential subdivision construction loans. Here’s why:
With the possible exception of the apartments, the U.S. is awash with additional buildings. Homebuilders are sitting on hundreds of thousands of houses unsold. The vacancy rate nationally for office buildings is close to 20%. Retailers are getting clobbered in the current recession, so that the vacancy rate for retail space is skyrocketing. Occupancy rates of hotels are plummeting. The simple fact is that the U.S. does not really need a lot of new buildings.
Even when the economy was strong, the typical mortgage broker business rarely went to work at any decent construction business loans.
The reason is because banks make a ton of money if you do a good construction loan. It has always been easy for skilled developers simply go to a local bank and obtain a construction loan.
As a result, only the developers never unconditional called commercial mortgage brokers to find a construction loan.
A developer can be unconditional because it had very little experience in construction.
Most of the time a developer would be unconditional because it could not contribute 20% of the total project cost in cash or equity in their land.
As a commercial mortgage broker, is that 95% of its lack of commercial construction loan applicants is required for 20% of the equity.
As a result of the subprime and banking crisis, banks are now often requires that developers contribute 30% to 35% of the total project cost in cash.
Very few brokers mortgage business is a promoter who can contribute 30% to 35% of the total project cost.
And if a developer was rich enough to contribute 30% to 35% of the total project cost in cash, you can bet it has tons of contacts directly with banks. He does not need you.
Therefore, if you want to feed your family, do not waste time working on commercial or residential construction loans subdivision construction loans now (if ever).
Does this mean that there is absolutely no construction of commercial mortgage loans that make sense? It does not address that still makes sense today in the market are small business loans for the construction, the owner of users of SBA lenders, usually under the 504 Program. Can be applied to dozens of SBA 504 lenders by building http://www.pro-bargainhunter.com
Wade and IMM Commercial mortgage financing Group provide business opportunity commercial mortgage loan – business loan advice and publish IMM Commercial Real Estate Investment Property Financing Reports by Bargain Trader.
Gujarat has recently experienced tremendous growth in different sectors including real estate. Rapid industrialization of the state has assisted development of various properties in different cities.
The demand for commercial realty and office buildings in Gujarat is increasing by leaps and bounds. Major cities like Ahmedabad, Gandhinagar, Vadodara, Surat, Rajkot etc. are witnessing all-round growth in the property market.
Reasonable land prices, skilled workforce and supporting infrastructure have led to all sorts of construction activities including commercial buildings in Gujarat.
Pacifica is a leading property development company involved in the development of high quality real estate projects such as IT parks, townships, hotel and residential, commercial properties in Gujarat andthroughout India.
Many special economic zones (SEZs) have been planned in and around Ahmedabad and Gandhinagar due to the development of small and medium enterprises involving IT/BPO companies and various other segments.
Most of the business and trade parks are situated outside the urban limits of the city; resulting in advantages such as lower lease rates, inexpensive parking and affordable office space. Currently, office premises in Gujarat especially in IT parks offer facilities like workspace, internet, telecom and basic infrastructure of global standards.
Also, business centres at prominent commercial locations in major cities of Gujarat have incorporated the concept of ready to work units in new office buildings in Ahmedabad with ultramodern amenities at competitive prices.
The government is consistently providing various incentives and better infrastructure to attract investment from all major industries. Hence, Gujarat is still one of the favorite destinations for real estate investment in India.
Pacifica companies is a real estate property with the head office in Ahmedabad and company includes Residential Property, Hotels, Office Buildings.SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.
I want to purchase a commercial real estate property, preferably a retail or office property. How do I find a good agent to help me out since I’m a complete novice? Specifically, what are some good screening questions I should ask him/her to make sure they know what they’re doing- beyond just the standard “how long have you been doing this” kind of stuff?
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The commercial real estate investment clubs in Michigan can help investors find properties that are sitting waiting to be purchased by someone. There are different kinds of commercial properties for sale, such as regular commercial sites and commercial lots. Some of these have not been developed yet. Once they get a buyer, development can begin.
The state of Michigan has lots of families whose income fits in the middle class range. Since the state is known for supporting different types of things relating to sports, such as swimming pools and other related sports, there is no doubt that commercial real estate would thrive here. The commercial real estate investment clubs in the state have connections to make things happen.
In the state of Michigan, you will also find commercial real estate for retail areas, physician’s offices and industrial areas. With the help of the local investment clubs, you can find information on commercial lots and office buildings. There are lots of places in Michigan where you can get your money’s worth in commercial real estate investments.
Members of the commercial real estate investment clubs can help you create a business plan. This plan should include what your business is about, the focus and objective of you business, and who your customer base will be. As long as you provide the club members enough information, they can assist you with finding viable commercial properties.
The commercial real estate investment clubs in Michigan can help you search for different investment properties if you are not familiar with the process. You should narrow your choices down to a few in the beginning. This way, you won’t get overwhelmed with information. There are plenty of commercial properties to select. However, the best properties that investors seem to thrive on are the ones by the lake area.
If your business is one that needs to have a location near the lake or waterfront, keep in mind you will be paying a little bit more because of the location. Location means a lot when you are want to invest successfully in commercial property.
You as an investor should choose an area in Michigan where it is conducive to the demands of your business. The commercial real estate investment club can help you do that. They can help you select an area where the traffic will flow. If you choose a high traffic area, it may cost you a little bit more. Don’t despair, it will be worth it in the long run. The clubs in Michigan are very familiar with the industrial areas that surround where they live.
Some of the club members may be familiar with the lake front and waterfront areas in Michigan, and can provide tips and insight as to whether or not the area is a viable location for you. There is no need of setting up shop there if you don’t have anything to show for it.
The commercial real estate investment clubs in Michigan can help you find quality real estate agents and brokers who can secure a deal for you with that property. The clubs can also help you check out getting financing and insurance for it.
If you are considering a commercial investment in the state of Michigan and need assistance, do your homework, check a few local clubs out, find the best one that suites your needs, attend their meetings, educational seminars. Find people that are successful and have experience investing, see if you can partner up with them, learn from them.
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New Resource Bank Appoints Commercial Relationship Manager
SAN FRANCISCO—-New Resource Bank has appointed Robert Holden senior vice president, commercial relationship manager. He is responsible for business development and relationship management within the Commercial Banking Group.
Read more on Business Wire via Yahoo! Finance
Tygris Completes Brand Transition, Becomes Everbank Commercial Finance
PARSIPPANY, N.J.—-EverBank Commercial Finance, formerly known as Tygris Commercial Finance , today announced its official brand change. The rebranding marks the final stage of the integration process and alignment with parent company EverBank Financial Corp., one of the nation’s largest privately-held financial services companies.
Read more on Business Wire via Yahoo! Finance
HSBC to acquire part of RBS biz in India
Hongkong & Shanghai Banking Corporation announced on Friday that it has decided to acquire the retail and commercial banking businesses of Royal Bank of Scotland Group in India with a gross asset value of $1.8 billion as on 31 March 2010.
Read more on Express India
Credit Still Tight, Fed Governor Says
The level of outstanding credit in the U.S. economy continues to fall as strong and weak banks alike pull back on lending, according to Federal Reserve governor.
Read more on New York Times
Choosing to buy commercial property is a big decision. You require a high level of investment and have to ensure that you donât make a costly mistake. A number of websites provide commercial real estate listings of properties for sale. These lists are regularly updated. One can search these lists to gain a general idea of the quality of the properties that are available within a given budget. The prices of commercial real estate typically vary according to their location, size, and quality of construction. If you are planning to invest in commercial real estate, you should look at these lists these lists. Looking at these lists requires a great degree of skill, as it is important to read between the lines to uncover the true value of a listing.
Find out how many Commercial Property Listings there are in your local area
Your first step should be to find out what the best locations to buy commercial properties are. Often you will find that certain areas will have a high density of commercial real estate for sale, be wary of such pockets lest you find yourself buying a ticket aboard a sinking ship. Although it may cost you more money at times, make it your mission to find an area where companies such as your own have a proven track record of doing well.
Once you find an appropriate property from a commercial real estate listing, perform a thorough inspection before you buy Commercial Real Estate. While you may feel that a thorough inspection is not necessary as you are not going to be living there, this could not be further from the truth, as this is a business premises inspection it is just as prudent to thoroughly examine as a residential property.
Are you Buying Commercial Property in a Rural or Urban Setting?
When you look at a commercial real estate listing, the type of development where you are purchasing commercial real estate is very important, for instance if you are in a rural setting then you will be looking for very different features than if you were looking for a ware house for sale in an urban setting. Another thing to consider if you are in a rural setting is the cost, you can expect to pay lot less to be in a less developed area but if you are in a more developed district, especially a retail shop for sale or lease inside the city center you can expect to pay a premium.
Will you be buying this Commercial Property to rent out?
It is also important to consider whether you are buying commercial property for your company to actually move into, or whether you are going to rent it out to someone else. If your goal is to own the commercial property to let, then don’t get hung up on want you would like to see when buying commercial real estate, rather find out what the widest possible market is looking for in a commercial property for lease and acquire something that fits that description.
What are the tenantâs assets and liabilities?
It is a good idea to obtain a financial statement from the potential tenant that is occupying the space that you buy. The financial statement will list the tenant’s assets and liabilities. This will give you a good idea of how financially stable the tenant is. Would you like a tenant with $0 cash in the bank, a negative net worth, and credit problems? The answer is of course, no. Once again it’s surprising how many commercial investment property owners don’t do this and find out after the fact that it’s something they shouldn’t have done in the first thing. Now, this is all pretty easy as long as you do a good job of checking out the tenant in the first place.
While on the face of it a commercial property listing may appear straightforward, it is important to dig deeper and find out more before signing on the dotted line. Donât be afraid to ask the right questions. Only when you are absolutely sure that all your questions have been answered to your satisfaction, you should proceed with the purchase.
Dan Ross has been writing web publications for many years while working very closely with the commercial real estate industry. He writes on various topics like commercial property listings and understand the concerns people have with whether there can be expected returns. To discover what else he has to say, see Ex Commercial Real Estate.
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